AUGUST 30, 2017: ALL SHARES INDEX DOWN FASTER AT NAIROBI SE.

After gently punctuating Monday's recovery by dropping by only 0.04%, the All shares index at Nairobi securities exchange dropped sharply by 0.95% or 1.64 points today August 30 to 171.21.

There was no opposite direction to trading indicators either as traded volume dropped by 43.2% to 19.2m shares and traded value declined by 27.6% to. Kes 620.5m.

Number of deals too also decreased by 13.9% to 1432.

In the end, only the bond market closed exceptionally with traded value up by 36.7% to Kes 2.57bn after Yesterday hopeful recovery to Kes 1.882bn.

However, the under Kes 50m government treasury bond segment of the market virtually dried up with only one recording deals worth Kes 20m.

The main action was in the government stock above Kes 50m nominal value with two witnessing deals for Kes 500m each.

Safaricom, though with lower units compared to previous day, led volume and value once again recording deals for 9.83m shared at between Kes 25.50 and 26.75 worth Kes 258m. It thus accounted for 51.2% of traded volume and 41.62% of traded value.

This time around. the banking sector did not get close, instead manufacturing and allied sector chipped in a little above half of Safaricom traded value to place second.

It contributed Kes 178m traded value or 28.69% again mainly as deals were recorded in East African Breweries for 529,500 units at between 260 and 263 Kes worth Kes 139m.

Like Safaricom, two banks witnessed deals for above 1m units: KCB group with deals for 1.13m shares at between Kes 45.25 and 45.50 per share worth Kes 51m to pace sector value followed by Barclay's bank, down 5 kcents, with deals for 2.14m shares worth Kes 22.6m.

One other equity ended with above 1m units volume; Ken Gen in energy and petroleum sector. It recorded deals for 1.934m shares at between Kes 9.75 and 9.90 per share worth Kes 17m to move up the sector's total traded value to Kes 21.9m or 3.53%.

Comments

Post a Comment

Popular posts from this blog

2018: TWO BLOWS TO UNITED CAPITAL PLC.

When a child who in a previous examination scored 80%, comes home with a new report in which he now scores 67.2%, the parents have a right to sit him down and ask how come. So it must be between Nigeria's United Capital Plc and its discerning shareholders since the release of the company's 2018 audited figures. In 2018, all said and done, says the annual report, United Capital ended with 67.2 % profit margin compared to 80.2% in 2017. How come? What comes across from the figures was that the company received 2 blows to the jugular in 2018: Sharp drops in Investment income and fair value gain. Investment income dropped by 10.8% to N4422.8m from N4965.2m while fair value on financial assets plunged by 79.7% to N6.173m from 2017's N30.387m. In view of both drops, the group's gross earnings grew by only 33.9% to N9259.4m despite strong growths in net trading income, and net operating income leap to N757.5m from N143.5m  Other income streams ended with single digit increase....
Read more

KENYA AUCTIONS Ksh 13.84bn Treasury Bonds.

The Central Bank of Kenya (CBK) will from Tuesday December 18 to 27th 2018_ auction Ksh 13.84bn worth of fixed income Treasury Bonds with issue date December 17, 2018. According to official statement from the Director of Financial Markets Irene Njiru on Monday December 17, auction will continue throughout the stated period or close once the target money to be raised is reached, whichever comes first. Bid value will be paid for at most by 2pm December 31, 2018 while auction results will be made public on December 28, 2018 after the scheduled closing date. The bonds are being issued at 12.502% fixed interest at an adjusted average price of Ksh 100.468 for Ksh 100 bond. However, price payable after auction results publication will be average of successful bid prices based and allotment will be on first come first served basis. Meanwhile, the monetary operations and debt management department has released the interest payment schedule for 13 Treasury Bonds due January and February 2019. Th...
Read more

NAIROBI SE's HIGH PRICED EQUITIES.

In the wake of Nigeria's high priced quoted companies posted in this blog a while ago, Henates took a look to at Nairobi Securities Exchange June 23 official list to identify its high priced equities and the outcome was interesting too. Of the 66 companies quoted on the market by June 23, 15 or 22.7% were valued averagely at above 30 times nominal value. A word of caution though: There are two clear differences between the Nigerian stock market list and that of Nairobi: In the Nigerian one most listed companies have par or nominal value of N0.50 as is there is an implied agreement on this. On the other hand, at Nairobi most of the equities do not share common par value, they differ greatly. Then another thing, Nigerian equities are not valued below par, Nairobi ones can and many are so valued. Of the top 15 high priced equities at the Nairobi market, Safaricom topped with because by June 23, at 23.25 Ksh average price, it was valued 465 times its nominal value of just 0.0...
Read more